I know the regulars on here already know all of this information, but to rehash
Q1 1.5 million
Q2 7.5 million
Q3 expected to be 8 million+ (19 million in backlog a few months back, and the residential sector was doing nearly 1 million in april and growing, so we can assume thats over 1 million per month).
Abe Emard, CEO of SUNworks, added, “Not only are we realizing substantial results now, but our combined residential and commercial contracted backlog is well over $10MM and we anticipate adding to it substantially in the next few weeks.”
they then added the 3 MW Wineries deal (which many expect conservatively is worth 9 million, based on current average pricing for installations)
Q4 see Q3
looking at 25 million plus in revenue and a profitable penny stock that is growing at a significant pace. i have yet to find another penny stock like this one (if anyone knows of one, please, let me know :)
the expected dilution should already be accounted for by serious investors, as someone already pointed out. and the continued and rising revenue each quarter will more than outpace any damage done by the dilution this year.
and after this year, further dilution will be minimal unless they acquire another company. In that case I would assume they would issue less convertible notes/warrants/options and use more cash and financing (which should be more readily available and in better terms to a profitable company). so the situation would be very different financially next time around.
this is to say nothing of the potential uppercut-waiting-to-happen that is the solar cell. which is complete and highly talked about by JN and their head of technology. and they're in talks with large manufacturers currently.
worth every share of dilution, IMO
